A loan of $675 helped to purchase additional seeds, seedlings & young crops to raise.

Mayanita's story

Mayanita P. is from the village of Cabisera 25, Ilagan, Isabela. She is 36 years old. Mayanita is married and has 4 school-aged children. To make a living, Mayanita owns & operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting & harvesting corn for sale. Mayanita has been engaged in her business for over 11 years and earns approximately 8000 PHP a month for these activities.

In 2007, Mayanita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Mayanita has successfully repaid a previous loan of 25000 PHP from ASKI. This previous loan was used to purchase fertilizers such as manure. Mayanita is requesting a new loan of 29000 PHP which will be used to purchase additional seeds, seedlings & young crops to raise. This loan will be the 8th loan taken out by Mayanita from ASKI. She plans to use the additional revenue generated from the business to pay the tuition fees of the borrower's children.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 38 branches covering the Central and Northeastern areas. Its clients are mostly of farmers, fisherfolks and small entrepreneurs.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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